When the trade settlement record of the delivering party and the receiving party do not agree, the trade is:

When the trade settlement records of the delivering party and the receiving party do not match, the trade is typically referred to as "DK'd," which stands for "Don’t Know." This term is used in the context of securities trading to indicate that one party has identified a discrepancy in the details of the trade as recorded.

The DK process is essential in ensuring accuracy and maintaining proper records in securities transactions. It typically initiates a formal resolution mechanism between the two parties to clarify and resolve the discrepancies. When a trade is DK'd, it signals both parties to investigate and reconfirm the details surrounding the transaction to ensure that both sides have an accurate understanding of what was agreed upon.

In contrast, the other terms do not apply in this situation. "Revoked" would indicate a cancellation of the trade itself, which is not the case with a simple disagreement on records. "Reclaimed" generally relates to recovering or managing errors in the delivery or settlement processes, yet this does not directly apply to misalignment in trade records. "Entitled" often refers to having a right to a certain benefit or asset and does not pertain to the resolution of trade discrepancies.

Thus, understanding that the DK process is foundational in reconciling trade discrepancies helps